This could be a sign that more people in the state are finally having more stable, high-paying jobs to pay for their mortgages, or mortgage in Tennessee is simply becoming more affordable. Regardless of the reason, things look optimistic for new homeowners or people who wish to refinance their homes, at least for the first few months of 2014. Of course, they still shouldn’t forget about working with reliable mortgage brokers, like Churchill Mortgage, who can help finance their homes by finding the best mortgage rates in their locale.
Not only that, lenders are still quite picky when it comes to their clients; a broker would be useful in finding a mortgage that would suit a person with limited financial means. Credit scores still remain to be the biggest concern of mortgage lenders because this gives them an idea of the person’s ability to meet the loan payments. A credit score of about 800 means that the borrower is highly likely to pay the dues in full and on time, which translates to low risk for the lenders. Those with not-so-good scores will have a hard time looking for lenders willing to work with them.
http://tennessee.churchillmortgage.com/industry-news/improving-tennessee-mortgage-numbers-could-mean-good-news-to-buyers/
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